Shiba Inu

As the third month of 2023 draws to a close, <a href="https://finbold.com/guide/how-to-buy-shiba-inu-coin-shib/" rel="noopener noreferrer nofollow">Shiba Inu</a> (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>) has slowed down the gains from the year’s beginning and produced a negative month despite Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), Ethereum (<a href="https://finbold.com/cryptocurrency/ethereum/" rel="noopener noreferrer nofollow">ETH</a>), and other leading <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> in the top 20 digital assets by market capitalization recording gains.With such uncertainty around the trading of the dog meme token, <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto traders</a> and investors are turning to <a href="https://finbold.com/guide/what-is-investing/" rel="noopener noreferrer nofollow">indicators</a> of its future movements, including those provided by artificial intelligence (<a href="https://finbold.com/topic/artificial-intelligence/" rel="noopener noreferrer nofollow">AI</a>), such as machine learning platforms.As it happens, the machine learning algorithms over at the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> tracking platform PricePredictions projected that the price of <a href="https://finbold.com/guide/how-to-buy-shiba-inu-coin-shib/" rel="noopener noreferrer nofollow">Shiba Inu</a> would reach $0.000011 by March 31, 2023, notably a rather accurate forecast with SHIB trading slightly below the estimate at $0.0000106 at the time of publication.The prediction for the end of April is similar to the end of March but with SHIB heading downwards closer to the price of $0.000010 despite the wider gains seen across the market at the end of March.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7445d3c7e3934d5cb6a5c1d583b26f37.jpg" />SHIB 30-day price forecast. Source: PricePredictionsSpecifically, this projection relies on technical analysis (<a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">TA</a>) indicators, such as moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>), moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), Bollinger Bands (<a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">BB</a>), relative strength index (<a href="https://finbold.com/guide/rsi-indicator/" rel="noopener noreferrer nofollow">RSI</a>), average true range (<a href="https://finbold.com/guide/atr-indicator-definition/" rel="noopener noreferrer nofollow">ATR</a>), and others.<h2 id="header-0">SHIB price analysis</h2>Currently, SHIB is trading at the price of $0.0000106, recording a decrease of 0.19% on the day, as recent data indicates. Shiba Inu is ranked 14th by total worth, with an overall market cap of $6.2 billion.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/29a169e72b5040eaa93ddd2e0cc24340.jpg" />SHIB 1-day price chart. Source: FinboldOn the one-day gauges at the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> and crypto monitoring website TradingView SHIB are bearish. Namely, its summary suggests a ‘sell’ at 12, resulting from <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> pointing at a ‘neutral’ at 8 and moving averages in the ‘sell’ zone at 10.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/799081b75bda4d9b942aeca2296751f5.jpg" />SHIB 1-day sentiment gauges. Source: TradingViewUltimately in April, investors will be hoping that the latest <a href="https://twitter.com/LucieSHIB/status/1639157957920161793" rel="noopener noreferrer nofollow">update</a> to the Shibarium testnet that has chased away the ‘FUD’ (‘fear, uncertainty, doubt’) surrounding the <a href="https://finbold.com/bone-jumps-20-as-shibarium-blockchain-beta-imminent/" rel="noopener noreferrer nofollow">upcoming Layer 2 network</a> over Shibarium’s chain ID <a href="https://twitter.com/Rancune_eth/status/1636169571164889090" rel="noopener noreferrer nofollow">sharing the same ID</a> as the Rinia testnet <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> will help boost the assets price.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on<a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow"> Finbold.com</a>.

Machine learning algorithm sets SHIB price for April 30, 2023

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